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Office Market Growth Slows

Pace of office-space leasing slowed in second quarter, weighed down by country’s top five markets

By

Peter Grant

July 4, 2017 8:00 a.m. ET

The pace of office-space leasing slowed in the second quarter, mostly because of sluggish activity in the country’s top five markets, according to new figures from data firm Reis Inc.

The amount of occupied office space in New York, Los Angeles, Chicago, Houston and Dallas increased by a total of 789,000 square feet in the three-month period ending in June. By comparison, the amount of so-called positive absorption rose by a combined...